The rise in the price of oil to $45 from a low of $25 is probably not seeing champagne corks popping in Houston (and definitely not in Riyadh), but it is probably letting a lot of producers (and their bankers) breathe easier.
And various pundits have started to suggest that this is the point where markets will stabilize (a sustainable price, as the kids say), allowing just enough for many companies to invest and, if not expand, at least maintain production, while not drowning the oil market in light crudes from U.S. shales...............................................Full Article: Source
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